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On March 30, Atsushi Mimura, Japans top foreign exchange official, issued his strongest warning to speculators to date, stating that if current market conditions persist, authorities may need to take decisive intervention measures in the foreign exchange market. "We are increasingly aware that speculative activity is not only heating up in the crude oil futures market, but is also rapidly spreading in the foreign exchange market," Mimura said at a press conference on Monday. He emphasized, "If this trend continues, we believe that swift and decisive action may be imminent." Mimuras remarks came after the yen fell below the 160-dollar mark last week—the critical level at which the Japanese government plans to implement foreign exchange intervention in 2024. He added, "We are fully prepared to respond, with a broad and comprehensive monitoring scope," implying that the Japanese government is not only closely monitoring foreign exchange market movements but also simultaneously paying attention to related markets such as crude oil futures.A chart summarizing the overnight price movements of international spot platinum and palladium.US President Trump: (Regarding Russian oil tankers heading to Cuba) Theres no problem with that, whether theyre Russian or from another country.US President Trump: (Regarding the Russian oil tanker bound for Cuba) We dont mind if someone loads a cargo onto it.Bank of Japan Governor Kazuo Ueda: If short-term interest rates are not adjusted appropriately, leading to excessive inflation, there is also a risk of excessive adjustment in long-term interest rates.

S&P 500 Continues to Threaten a Breakout

Alice Wang

Jul 20, 2022 14:50

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As we continue to pose a serious danger of a large breakthrough, the S&P 500 has surged pretty considerably throughout Tuesday's trading session.

Technical Analysis of the S&P 500

Due to the continued loud behavior, the S&P 500 has shown its bullishness throughout Tuesday's trading session. Given that the 3900 region runs all the way to 3950, this market will likely continue to be highly loud. Additionally, the 50 Day EMA is also nearing this region, and earnings season is already underway. Or, to put it another way, it's a jumble of issues waiting to happen.


Short-sellers will almost certainly seize on signs of tiredness because, to be honest, the economics does not indicate that this market should rise. Additionally, there are significant issues with liquidity, so you must pay great attention to it as well. Even if the economy does have some impact on the stock market, it really really comes down to liquidity, thus the Federal Reserve's restrictive monetary policy will also have some negative effects.


Wall Street has been pretending for a while now that the US economy has improved, so when it genuinely struggles, it should not come as a major surprise that they are trying to drive the market higher. Keep in mind that Wall Street and the economy are unrelated in any way. Having said that, we have a chance to advance all the way to the 4200 level if we do break over the 4000 level. I believe the trend has shifted above that point.


Alternately, if we go below the 3700 level, it's likely that we will reach the 3640 level, which previously served as a support zone.

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